ID :
57793
Tue, 04/28/2009 - 00:23
Auther :

Hyundai Heavy Industries` orders tumble 83 pct in Q1

SEOUL, April 27 (Yonhap) -- Hyundai Heavy Industries Co., the world's largest
shipbuilder, said Monday its new orders plunged 83 percent in the first quarter
from a year earlier due to decreased demand for new ships.
Hyundai Heavy Industries won US$1.86 billion worth of orders for marine engines,
construction equipment and other products in the three months to March, the
shipbuilder said in a regulatory filing.
The company, however, said it received no orders for new ships during the same
period.
ksnam@yna.co.kr
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